Vale (VALE) EBITDA (2009 - 2025)
Vale's (VALE) quarterly EBITDA came in at -$2.1 billion in Q4 2025, down 276.22% year-on-year from $1.2 billion in Q4 2024, and down 175.42% quarter-over-quarter from $2.8 billion in Q3 2025.
Vale (VALE) EBITDA (2009 - 2025) Analysis & Trends
Vale has disclosed EBITDA across 17 years of filings, most recently posting -$2.1 billion for Q4 2025.
- EBITDA for Q4 2025 came in at -$2.1 billion, down 276.22% year-over-year; the trailing twelve-month figure through Dec 2025 was $4.6 billion (down 62.36% YoY), and the FY2025 annual result was $4.7 billion, down 68.65% from the prior year.
- EBITDA came in at -$2.1 billion for Q4 2025 at Vale, down from $2.8 billion in the prior quarter.
- In the past five years, EBITDA ranged from a high of $10.2 billion in Q2 2021 to a low of -$2.1 billion in Q4 2025.
- The 5-year median for EBITDA is $3.4 billion (2024), against an average of $3.9 billion.
- Across the five-year window, EBITDA surged 391.63% in 2021 and plunged 276.22% in 2025, its largest moves.
- Vale's EBITDA stood at $4.8 billion in 2021, then retreated by 27.78% to $3.5 billion in 2022, then jumped by 47.94% to $5.2 billion in 2023, then plunged by 76.84% to $1.2 billion in 2024, then slumped by 276.22% to -$2.1 billion in 2025.
- The last three EBITDA figures came in at -$2.1 billion (Q4 2025), $2.8 billion (Q3 2025), and $2.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 80.51 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -21.94 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 28.18 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 37.35 Mn |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 4.05 Mn |
| 10 | Vale | 8.38 | -7.83 Bn | - | -2.11 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.11 Bn |
| Sep 30, 2025 | 2.79 Bn |
| Jun 30, 2025 | 2.00 Bn |
| Mar 31, 2025 | 1.86 Bn |
| Dec 31, 2024 | 1.19 Bn |
| Sep 30, 2024 | 3.68 Bn |
| Jun 30, 2024 | 3.92 Bn |
| Mar 31, 2024 | 3.30 Bn |
| Dec 31, 2023 | 5.16 Bn |
| Sep 30, 2023 | 3.29 Bn |
| Jun 30, 2023 | 2.86 Bn |
| Mar 31, 2023 | 2.88 Bn |
| Dec 31, 2022 | 3.49 Bn |
| Sep 30, 2022 | 2.83 Bn |
| Jun 30, 2022 | 4.31 Bn |
| Mar 31, 2022 | 6.39 Bn |
| Dec 31, 2021 | 4.83 Bn |
| Sep 30, 2021 | 6.19 Bn |
| Jun 30, 2021 | 10.21 Bn |
| Mar 31, 2021 | 8.35 Bn |